Senators questioning Equifax Inc.’s former chief Wednesday attacked the business model of the credit-reporting industry, asking why consumers shouldn’t have power over the data that these companies collect on them. The hearing before the Senate Banking Committee was as much about the control consumers have over their personal data as it was about the Equifax hack, which has affected potentially 145.5 million Americans. Senators questioning former Equifax Chief Executive Richard Smith, who is appearing before a series of congressional...

Source: Wall Street Journal October 04, 2017 16:56 UTC